1. Deliberately decide what to take out Why? Because getting the best tax results is never a matter of chance The most tax efficient way to extract profits for director-shareholders is usually to pay a minimal salary and top up with dividends. The salary level can be...
Married and divorcing couples, including civil partners, should be alert to change to the capital gains tax (CGT) rules on private residence relief Divorcing Couples Tax is never at the top of the agenda when a relationship ends, yet the tax consequences can be...
Data published recently by the Office for National Statistics (ONS) revealed that the amount UK companies spent on Research and Development (R&D) totalled £25 billion in 2018. With this in mind, we explore how you can make the most of any R&D tax reliefs...
NHS pensions made news last year, with consultants and GPs blaming large tax bills, linked to pension statements, for making some work ‘uneconomic’. Why should high-earning power, coupled with pension provision, spell trouble – even for top-earners outside the NHS? We...
Last summer’s record-breaking European heatwave has given consumers and businesses alike another warning about the dangers of man-made climate change. It is a warning that many businesses now appear to be heeding. A recent survey carried out by the Institute of...
The government is set to introduce its so-called ‘Plastic Packaging Tax’ in 2022. Here, we take a look at the new tax and consider how it could affect certain businesses. Outlining the tax The government wishes to encourage the ‘responsible use of plastic’ amongst UK...
